Gce Model Questions Vol1 2021 Economics Question 5

Practice objective / multiple choice question 5 from the 2021 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2021 Economics Objective / Multiple Choice Easy Difficulty
Question 5 GCE_MODEL_QUESTIONS_VOL1 • 2021 • ECONOMICS • objective

A student can either work a part‑time job that pays ₦500 per hour or spend the same time studying economics. If the student studies economics for 3 hours, what is the monetary opportunity cost of this study time?

Answer Options

A. 2500
Correct Answer B. 1500
C. 1000
D. 2000
Correct Answer
B
Correct Option:
1500

About This Question

This is Gce Model Questions Vol1 2021 Economics Question 5. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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